Caribbean Tourism Now on Adrenaline

The just-announced deal to build a $247 million cruise-ship terminal at PortMiami is a milestone for Caribbean tourism. The dominant regional industry may be experiencing a surprise turnaround after stagnating for much of the past decade. Macro trends have been a windfall. Vacationers traveling to Cuba are also spending their discretionary cash elsewhere in the region. Globetrotters are repurposing their holiday budgets away from the Eastern Mediterranean. Still further gain is derived from fresh pockets of middle-class wealth in Latin America. For investors drawn to the Caribbean, the good news is that fragmented, small economies yield overlooked transactions.

Learn more at the Miami Herald

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Beyond Caparra

Turn Right for Roseau

To the uninitiated, the Caribbean can be a mind-boggling array of small islands, with a few large ones in the mix.

Man with Cigar

Become a geographer. Florida and the Caribbean have the same economic heft as Brazil. Our regional set includes the perimeter economies of Central America, Colombia, Venezuela, as well as the Guiana Highlands.

Relative Economic Size

Comments on this blog focus on Florida and neighboring trade partners. By output, we rank the major islands:

1. Puerto Rico ($103 billion)

2. Cuba ($78 billion)

3. Dominican Republic ($64 billion)

4. Trinidad and Tobago ($29 billion)

5. Jamaica ($14 billion)

Florida dominates the region with state-wide GDP of about $770 billion. The largest perimeter economy is Colombia at $378 billion, followed by Venezuela.

Note: Ranking is based on GDP data for 2014 at market prices.

Source: World Bank, US Bureau of Economic Analysis, Government Development Bank for Puerto Rico, Cranganore.